Tag: profitability push

  • Brex cuts workforce by 20% in profitability push

    Brex cuts workforce by 20% in profitability push

    San Francisco-based fintech startup, Brex, has recently announced its decision to reduce its workforce by 20% in an effort to push profitability amid the highly competitive financial landscape. This strategic move comes as the firm aims to navigate the challenges posed by the COVID-19 pandemic and cement its position in the market. Founded in 2017,…